A recent study by Triton Market Research titled ‘Global Autonomous Mobile Robots Market’ includes the Global Analysis and Forecasts by Applications (Electronics, Logistics, FMCG, Healthcare, Life Sciences, Education, Automotive, Other Applications), by Type (Self-Driving Forklifts, Autonomous Inventory Robots, Goods-to-Person Picking Robots, Unmanned Aerial Vehicles), and by Geography (North America, Latin America, Europe, Middle East and Africa, Asia-Pacific).
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Triton’s report signifies that the global autonomous mobile robots market is likely to exhibit growth at a CAGR of 24.34% during the considered years 2021-2028. It is predicted to gain revenue worth $10215.80 million by 2028.
Autonomous mobile robots can carry out a range of tasks with minimum human input, and are designed to operate safely around people. The broadened applications of autonomous mobile robots across various industries are contributing to the growth of the autonomous mobile robots market.
On the other hand, automation is very capital-intensive, and requires hefty upfront capital investment. This deters many smaller organizations from investing in automation technology and robotics, while preventing the larger ones from taking more risks. The initial capital cost required for AMR adoption is thus hampering the market growth.
The autonomous mobile robots market is bifurcated into applications and type. Based on applications, it is divided into electronics, logistics, FMCG, healthcare, life sciences, education, automotive, and other applications. Whereas, based on type, it is classified into self-driving forklifts, autonomous inventory robots, goods-to-person picking robots, and unmanned aerial vehicles.
The Asia-Pacific is said to have the fastest growth rate in the global autonomous mobile robots market during the forecasted period. This growth can be mainly credited to the booming e-commerce industry in various countries in the region, such as India, South Korea, China, and Japan. With the flourishing e-com sector, the supply chain networks and logistics requirements are becoming increasingly sophisticated. Owing to this, e-commerce companies have been largely adopting AMRs in warehouses and fulfillment centers, which is aiding the growth of the market in the APAC.
Fetch Robotics Inc, Kuka AG, Vecna Robotics, Omron Corporation, General Atomics Aeronautical Systems Inc, The Hi Tech Robotic Systemz Ltd, SMP Robotics Systems Corp, SoftBank Robotics, Clearpath Robotics Inc, Aethon Inc, Cimcorp Oy, Mobile Industrial Robots APS, Teradyne Inc, The Aviation Industry Corporation of China, and Locus Robotics Inc are reputed companies engaged in the autonomous mobile robots market.
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Question & Answer: Autonomous Mobile Robots Market
Question 1: What is contributing to the growth of the autonomous mobile robots market?
Answer: Autonomous mobile robots can carry out a range of tasks with minimum human input, and are designed to operate safely around people. The broadened applications of autonomous mobile robots across various industries are contributing to the growth of the autonomous mobile robots market.
Question 2: What factor is hampering the market growth?
Answer: Automation is very capital-intensive, and requires hefty upfront capital investment. This deters many smaller organizations from investing in automation technology and robotics, while preventing the larger ones from taking more risks. The initial capital cost required for AMR adoption is thus hampering the market growth.
Question 3: Which region has the fastest growth rate the fastest growth in the global market?
Answer: The Asia-Pacific is said to have the fastest growth rate in the global autonomous mobile robots market during the forecasted period. This growth can be mainly credited to the booming e-commerce industry in various countries in the region, such as India, South Korea, China, and Japan.
With the flourishing e-com sector, the supply chain networks and logistics requirements are becoming increasingly sophisticated. Owing to this, e-commerce companies have been largely adopting AMRs in warehouses and fulfillment centers, which is aiding the growth of the market in the APAC.
Question 4: Which are the reputed companies engaged in the autonomous mobile robots market?
Answer: Fetch Robotics Inc, Kuka AG, Vecna Robotics, Omron Corporation, General Atomics Aeronautical Systems Inc, The Hi Tech Robotic Systemz Ltd, SMP Robotics Systems Corp, SoftBank Robotics, Clearpath Robotics Inc, Aethon Inc, Cimcorp Oy, Mobile Industrial Robots APS, Teradyne Inc, The Aviation Industry Corporation of China, and Locus Robotics Inc are reputed companies engaged in the autonomous mobile robots market.
Related Report:
Global Collaborative Robots Market
The global collaborative robots market is likely to propel at a CAGR of 31.13% during the period from 2019 to 2028, while garnering $8288.45 million worth of revenue by 2028.
Collaborative robots are intended to work along with humans and physically interact with them in a shared space. They are employed in industries such as automotive, aerospace, food & beverages, etc. and are used in multiple applications, ranging from material handling to quality testing and from machine tending to packaging.
Collaborative industrial robots are an efficient solution for small- and medium-sized businesses. These robots are light, mobile, and flexible, and thus can be deployed to perform a number of tasks by changing their accessories. They are also easy to program and need low maintenance with a high turnaround time. Such features of collaborative robots are encouraging SMEs to adopt them, which is expected to drive the market growth. Similarly, a number of industries are acknowledging the benefits of collaborative robots. This holds a positive outlook for the overall market.
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